The Oscars are the best and the worst of television — they are appointment viewing worldwide, yet everyone hacks them to pieces as the show plays on.

I thought the 87th Academy Awards was a good event: producers Craig Zadan and Neil Meron struck the right balance of honor and irreverence, and Neil Patrick Harris made his hosting duties look effortless. Not every line zinged, but it never does, and there were enough buoyant moments to keep the evening afloat.

Indies Rule

The Oscars were yet another moment to applaud independent cinema, as the indies swept every major award category. (For a list of all the winners, with indie movies highlighted, see below.)

The studios are not creatively bankrupt. They can still make great movies, and execute scale in a way no one else can. Guardians of the Galaxy and Interstellar, two films from 2014 that represent unique and unconventional creative choices, albeit in vastly different ways, are only possible with massive studio budgets and operations supporting them.

Yet the demarcation between studio films and independent films has never been clearer. Studios make gigantic movies with known brands, with a brand being a franchise, like the Divergent novels or 50 Shades of Grey, a famous director, like Christopher Nolan, or comic book heroes from the DC or Marvel universes.

Indie movies are more personal and do not need to achieve global box office success to make back their investment. This is true even as the average budget of independent movies has grown, thanks to smart, entrepreneurial new financiers willing to take risks on creative vision.

The ratings for the 87th Academy Awards were down 16% from the year before, owing largely to the fact that fewer people in America saw the movies that were nominated and won — because, again, most of them were indies. So while the Academy is still one of the oldest, whitest, most male organizations around, and has a big blind spot when it comes to race, Academy voters do validate the quality of independent cinema over routine studio fare.

It’s further demonstration that there is no relationship, positive or negative, between commercial viability and artistic accomplishment.

Highlights and an Internationale

What else did I love?

The Oscars were also a celebration of the international presence of cinema, with Mexican and UK citizens grabbing gold in abundance. Alejandro González Iñárritu’s shout-out to his Mexican countrymen, on both sides of the border, was as welcome a wake-up call as Patricia Arquette’s demand for equal rights for women in America.

Julianne Moore finally won. She is the bravest actress I know, and her honest, fearless portrayals of characters others would shun earns my continuing admiration.

“Heil fucking Hitler”” “Heil fucking Hitler!” Yep, they said the F word twice in The Imitation Game clip, showing once again that The Weinstein Company has no truck with parochialism… and that the Academy didn’t prescreen those clips carefully. Thank God. Which is in contrast with bleeping out the “God” in “God damn!” coming from JK Simmons’ mouth in the Whiplash clip.

Paweł Pawlikowski, the director of Ida, who demonstrated how to keep the orchestra from playing you off: Just keep talking. The orchestra relented.

Now we know Common’s and John Legend’s real names.

Lady Gaga won’t become the next Barbra Streisand… she will become the next Bette Midler.

John Travolta owning it.

Jessica Chastain calling out “Chiiiiivo!” with sweet affection; that’s cinematographer Emmanuel Lubezki ‘s nickname. Every single one of the nominated cinematographers is a personal hero of mine.

More people from technical areas and executive management in the In Memoriam segment, and deservedly so.

What didn’t I love?

Not enough acclaim for Boyhood, which will stand as a landmark cinematic achievement for decades.

The Grand Budapest Hotel was still my favorite film of the year — it is 100 minutes of pure cinema joy. It would have been my pick for Best Picture… but overall, the awards this year were well distributed and honored exceptional people and movies.

Here is the full list of winners and nominees, in the order the Oscars were presented, with independent film winners in GREEN.